Question

There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established dog kennels to leave the industry. The time period this economist referred to as the
A market period.B industry run.C long run.D short run.

Answer 1

Answer:

D short run.

Explanation:

Based on the information provided within the question it can be said that the time period this economist referred to as the short run. This refers to a time period in which the quantity of an input in the research is always the same while the others can change. Which in this situation the fixed variable would be the amount of dog kennels in Atlanta which would allow the researcher to correctly study the pricing behavior of the dog kennels.

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